Economic and Market News for 20 May 2020
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20 May
15:03Velocys welcomes permitting progress for UK waste-to-jet-fuel plantSustainable fuels technology company Velocys said resolution to grant planning permission had been given to Altalto Immingham, the UK's first commercial waste-to-jet-fuel plant. The resolution was...
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20 May
13:53Bango launches Google Play billing routes in Peru, Hong Kong, South AfricaMobile commerce company Bango said it had launched carrier billing routes in the Google Play store for new operators in Peru, Hong Kong and South Africa. The company said customers in those...
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20 May
13:48Creo Medical to provide technology to NHS hospitalsMedical device company Creo Medical said it had signed a commercialisation agreement with the UK's Department of Health and Social Care. The agreement would involve the company providing NHS...
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20 May
13:42Collagen Solutions receives government loan funding in US and NZRegenerative medicine developer Collagen Solutions said its subsidiaries in the US and New Zealand had received a mix of loan and grant funding based on those governments' Covid-19 economic support...
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20 May
13:37Jersey Oil & Gas completes acquisition of North Sea oil prospect from EquinorJersey Oil & Gas said it had completed its planned acquisitions of a 70% interest and operatorship of blocks in the North Sea from Equinor. Payment for the acquisition consisted of two...
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20 May
13:31AorTech subsidiary RUA Medical Devices wins Scottish government grantMedical devices business group AorTech International said subsidiary RUA Medical Devices won a grant under the a Scottish government Covid-19 support scheme. RUA Medical had received £150k of...
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20 May
13:13Standard Chartered completes sale of PT Bank Permata stakeStandard Chartered said it had completed the sale of its 44.56% stake in PT Bank Permata to Bangkok Bank Public Company for IDR 17tn ($1.07bn). The sale price represented a premium of $0.3bn over...
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20 May
10:01Avacta Group inks exclusive distribution agreement with Medusa19 for Covid-19 antigen testsBiotherapeutics company Avacta Group said it had entered into an exclusive distribution agreement with Medusa19 for direct-to-consumer sales of a saliva-based test for the Covid-19 antigen....
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20 May
09:51Mosman Oil & Gas sells Welch asset in TexasMosman Oil & Gas said it had sold its Welch asset in Texas to Eagle Natural Resources LLC for $0.3m. The sale comes as the company previously announced that it was narrowing its focus to other...
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20 May
09:46Malvern launches deeply discounted £1.17m equity raisingEducation group Malvern launched a deeply discounted share issue to raise £1.17m for working capital and to strengthen its balance sheet. New shares in the company were being offered at 0.15p...
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20 May
09:42Silence Therapeutics plans Nasdaq listingRNA focused drug developer Silence Therapeutics said it planned to list American depository shares on the Nasdaq. The company also announced that it had appointed Iain Ross as its full-time...
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20 May
09:27OptiBiotix Health to launch slimming gummies in USDietary supplements group OptiBiotix Health said it would launch fibre gummies containing its weight loss product in the US as part of a new non-exclusive licence agreement with Bobbi Brown-founded...
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20 May
09:16Ixico profit jumps as revenue climbs 33%Data analytics company Ixico reported a jump in half-yearly profit as revenue was boosted by growth from its higher-margin data analysis services business. For the six months ended 31 March 2020,...
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20 May
09:12VR Education attracts €3m investment from HTC; forges sales pactVirtual reality education group VR Education said HTC had agreed to invest €3.0m in the company. The two groups had also entered a strategic partnership for the distribution and license of VR...
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20 May
08:54Paypoint appoints chairman Nick Wiles as CEOPayments company Paypoint said it had appointed chairman Nick Wiles as its new chief executive. Wiles would stand down from the chairman's role, which would be filled by senior non-executive...
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20 May
08:49RBS prices $1.6bn note issue to fund banking businessRoyal Bank of Scotland said it had priced a $1.6bn debt issue to fund its general banking business. The issue included $1.0bn of 3.073% senior notes due 2028 and $0.6bn of 2.359% senior green...
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20 May
08:32HICL Infrastructure cuts dividend target as Covid-19 impact drags profit sharply lowerListed infrastructure company HICL Infrastructure cut its dividend target after reporting a sharp fall in profit as income more than halved on coronavirus-led disruptions to activity. In light...
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20 May
07:59Renalytix AI enters JV for producing Covid-19 antibody testsDiagnostics company Renalytix AI said it had entered into a joint venture with the New York's Icahn School of Medicine at Mount Sinai to produce Covid-19 antibody test kits. The joint venture,...
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20 May
07:58AstraZeneca prostate cancer treatment approved in USPharma giant AstraZeneca said its prostate cancer treatment had been approved in the US. The approval by the US Food and Drug Administration (FDA) was based on results from a Phase III PROfound...
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20 May
07:53Echo Energy says production expected to remain in line with estimatesOil and gas company Echo Energy said its current production levels were expected to remain in line with its estimates. Net production over the period from 1 January to 17 May reached an aggregate...
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20 May
07:39William Hill says may receive UK tax refund of £125m-to- £150mGambling company William Hill estimated that it may receive as cash refund from UK tax authorities of between £125m and £150m. The company noted that Her Majesty's Revenue and Customer had decided...
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20 May
07:31Gfinity inks multi-year deal to deliver F1 Esports seriesEsports services company Gfinity said it had extended its relationship with F1 and been appointed to deliver the main elements of the F1 Esports series qualifying events for the next three years up...
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20 May
07:01UK consumer price index falls to 0.8% in AprilThe UK consumer price index fell to 0.8% in April, down from 1.5% in March, according to the Office for National Statstics. The market had been expecting CPI to fall to 0.9%. Story provided by...